Norrhydro Group (NORRH) Q3 2026 earnings summary

Executive summary

• Q3 operations returned to normal after a challenging Q2; revenue rose 7.6% YoY and EBITDA more than doubled, supported by cost savings and productivity improvements.

• 9M revenue grew 2.3% and EBITDA 37.1% YoY, with profitability improving; market uncertainty and short-notice changes in customer orders remain.

Financial highlights

• Q3 revenue was €6.555m vs €6.093m; EBITDA was €1.047m vs €0.520m, and operating profit was €0.734m vs €0.199m.

• 9M revenue was €21.454m vs €20.970m; EBITDA was €2.394m vs €1.746m, and operating profit was €1.455m vs €0.771m.

• 9M profit was €0.788m vs a loss of €0.080m; undiluted EPS was €0.071 and diluted EPS €0.067, both vs -€0.007.

Outlook and guidance

• FY2026 guidance remains unchanged: revenue of €30m–€32m and reported EBITDA of €3m–€4m; growth is expected to be weighted to H2.

• Positive business development is expected to continue in 2026, while strategic growth and profitability initiatives continue.